HYPE Whale Deposits $24.29 Million Worth of Tokens to Exchanges

Onchain data monitored by Onchain Lens reveals that a whale address deposited 177,500 HYPE tokens, valued at approximately $16.08 million, into OKX and Bybit one hour ago. This follows a previous transfer of 89,050 HYPE, worth about $8.21 million, to Binance, Kraken, OKX, and Gate two days ago. The total volume transferred by the address amounts to 266,600 HYPE, with a cumulative value of roughly $24.29 million, suggesting potential selling pressure.